The central bank on Monday raised the key rate to 2% from a record-low 1.75% in its first rate hike in a decade. It also raised the interest for deposit facilities to 1% and that for lending facilities to 3%, from 0.75% and 2.75%, respectively.
Banks-Insurance
Isarescu: Central Bank May Decide To Restrict Household Lending in Spring
The Romanian central bank monetary policy and macroprudentiality committees have discussed tightening conditions for household lending but a decision may be taken in spring, central bank governor Mugur Isarescu said Monday.